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BlackRock MuniHoldings California Quality Fund
MUC

59 hedge funds and large institutions have $100M invested in BlackRock MuniHoldings California Quality Fund in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 24 increasing their positions, 11 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 11

1.54% more ownership

Funds ownership: 18.47% → 20.01% (+1.5%)

4% more capital invested

Capital invested by funds: $96.4M → $100M (+$3.81M)

5% less funds holding

Funds holding: 62 → 59 (-3)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
59
Holders Change
-3
Holders Change %
-4.84%
% of All Funds
1.29%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
8
Increased
24
Reduced
11
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$8.55M
2
SCM
Saba Capital Management
New York
+$8.3M
3
KIM
Karpus Investment Management
New York
+$1.13M
4
FFA
First Foundation Advisors
California
+$984K
5
Wells Fargo
Wells Fargo
California
+$837K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$3.6M
2
AC
Almitas Capital
California
-$3.49M
3
WAM
Wolverine Asset Management
Illinois
-$1.87M
4
LCM
Landscape Capital Management
New Jersey
-$1.63M
5
MML Investors Services
MML Investors Services
Massachusetts
-$436K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
26
Robinson Capital Management
Michigan
$463K -$3.6M -257,058 -89%
Lido Advisors
27
Lido Advisors
California
$427K – – –
VCM
28
Vivaldi Capital Management
Illinois
$410K +$42.6K +3,041 +12%
MA
29
Mutual Advisors
Nebraska
$391K – – –
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$381K +$96.1K +6,857 +34%
WMG
31
WESCAP Management Group
California
$330K – – –
SMH
32
Sanders Morris Harris
Texas
$320K – – –
RJA
33
Raymond James & Associates
Florida
$312K +$27.4K +1,957 +10%
CIA
34
Capital Investment Advisors
Georgia
$294K – – –
WS
35
Wedbush Securities
California
$259K – – –
OC
36
Oppenheimer & Co
New York
$257K -$11.6K -828 -4%
TJHA
37
Thomas J. Herzfeld Advisors
Florida
$219K +$20K +1,426 +10%
CF
38
Centaurus Financial
California
$214K +$212K +15,150 New
WAM
39
Wolverine Asset Management
Illinois
$206K -$1.87M -133,361 -90%
HCM
40
Hollencrest Capital Management
California
$203K – – –
VIM
41
Vista Investment Management
Pennsylvania
$196K – – –
CWS
42
Cypress Wealth Services
California
$185K – – –
UCFA
43
United Capital Financial Advisors
Texas
$184K +$182K +13,000 New
LCM
44
Landscape Capital Management
New Jersey
$175K -$1.63M -116,538 -90%
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$152K – – –
RJFSA
46
Raymond James Financial Services Advisors
Florida
$150K -$196K -14,000 -57%
NFG
47
Next Financial Group
Texas
$99K – – –
Citigroup
48
Citigroup
New York
$86K – – –
AIP
49
Ameritas Investment Partners
Nebraska
$58K +$58K +4,139 New
GSWM
50
Golden State Wealth Management
California
$56K -$130K -9,264 -70%
1
2
3

MUC Hedge Fund Activity: Q3 2019 in Review

59 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q3 2019, worth a combined $100M — up 3.9% from $96.4M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of MUC and 8 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 24 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $8.55M. The largest seller was Robinson Capital Management, cutting an estimated $3.6M.

  • 59 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q3 2019, down from 62 in Q2 2019.
  • Funds reported $100M of BlackRock MuniHoldings California Quality Fund stock for Q3 2019, up 3.9% quarter-over-quarter.
  • 8 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q3 2019 and 11 closed out, a net change of -3 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q3 2019 was Rivernorth Capital Management, an estimated $8.55M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q3 2019 was Robinson Capital Management, an estimated $3.6M sold.

Based on aggregated 13F filings for Q3 2019.